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Home»Sports»Manchester United’s £350m debt could see them in trouble
Sports

Manchester United’s £350m debt could see them in trouble

BigEyeUg3By BigEyeUg3October 10, 2014
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The Financial Fair Play battleground in the Premier League is likely to become considerably more messy after a special summit at UEFA’s headquarters in Nyon on Monday.

Clubs with huge debts, such as Manchester United, might find themselves under the microscope during the next stage of FFP, which is due to be discussed at the meeting.

Di Maria A.
In-debt Manchester United spent heavily over the summer on players such as Angel Di Maria

UEFA president Michel Platini has gathered all those involved in FFP — including Manchester City, who have had £50m worth of sanctions imposed for their overspending — to talk about how to refine the controversial legislation.

UEFA chief executive Gianni Infantino confirmed at Leaders in Sport that the debt issue may be on the agenda next week and the European Clubs Association also say they expect it to be raised.

City will stress their zero-debt status and push the case for sustainable investment spending rather than try to shift the spotlight on to their Manchester neighbours, who still owe £350m from the Glazer family’s leveraged purchase of the club.

Nevertheless City chairman Khaldoon Al Mubarak did highlight the differences between the two clubs when he pointedly said: ‘We have a sustainable project. We have zero debt. We don’t pay a penny to service any debt.’

Source: Daily Mail

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